Description
Course Overview
This programme provides a structured and practical exploration of capital markets, progressing from vanilla instruments to derivatives and structured products, with a strong focus on emerging market realities.
Rather than presenting models as fixed theoretical constructs, the course examines how standard assumptions break down in emerging economies due to FX regimes, liquidity constraints, transaction costs, regulatory intervention, and political risk. Participants learn how practitioners adapt modelling, pricing, and structuring techniques to operate effectively in such environments.
The course emphasises economic intuition, modelling logic, and real-world application, making it highly relevant for professionals involved in markets, treasury, risk, structuring, and policy.
Methodology
The programme is delivered through a conceptual yet practical approach, combining:
- Structured explanations of financial models and market mechanics
- Numerical illustrations (kept intuitive rather than overly mathematical)
- Case studies drawn from emerging market experience
- Interactive discussions linking theory to participants own markets
- Group exercises and scenario analysis focused on FX, rates, and derivatives
The emphasis is on understanding assumptions, limitations, and adjustments
What you will learn
- Understand the economic role of capital markets in emerging economies
- Analyse FX and interest-rate dynamics where standard assumptions fail
- Understand the foundations and limitations of Black:Scholes-type models
- Adjust derivative pricing and hedging for liquidity and transaction costs
- Understand how structured products are engineered to address EM constraints
- Apply a coherent modelling framework across FX, rates, and derivatives
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